PCC Technology Group has raised $5.5 million in financing. Stonehenge Growth Capital led the round with participation from Connecticut Innovations. Headquartered in Bloomfield, Conn., PCC is a provider of software solutions for government applications.

SmartPay Solutions has raised $1.4 million in Series A funding. The investors included Stonehenge Growth Capital, Tennant Capital Partners and Connecticut Innovations. Also, the firm has named Stephen Holcomb as CEO and Robert Conerly as CFO. Headquartered in Southington, Conn., SmartPay Solutions is a provider of pay-as-you-go workers’ compensation solutions for payroll companies, insurance agents and insurance companies.

The management of Seitz Corporation and principals of private investment and management firm Andlinger & Company have acquired the business. Financial details of the transaction were not disclosed. The acquisition was supported by a senior loan facility from Berkshire Bank and mezzanine capital from Stonehenge Growth Capital and CMS Mezzanine Fund. PRESS RELEASE The management […]

The VC fundraising environment is looking weak, with just a smattering of announcements and regulatory filings over the past two months. Official Q3 stats won’t be released until October, but it’s not looking good from an anecdotal standpoint. Trolling through the peHUB archive, I turned up just five stories about various U.S.-based VC funds getting […]